Market Diary:
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Friday, June 29, 2007

Trading Digest 6/29

STI : 3,548.20 ( +9.97 )

No new position taken or liquidated today.

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posted by mimosa @ Friday, June 29, 2007 Comments: 0

Thursday, June 28, 2007

Trading Digest 6/28

STI : 3,538.23 ( +32.73 )

1. Okay, they heard me ! STI rebounded finally !!
2. Bought another 2 lots of Wheelock at 3.4 under IG CPF.

Counters Review :

Global Voice ( Vested )

Global Vioce lives up to the expectation of its Technical Analysis! Today hits a high of .225 and closed at .22 with 81 million of high volume. RSI shows positive divergence, MACD line is above signal line. MACD histrogram in positive zone. More upside expected. Short term target: .255

Fright Links ( Not Vested )

As predicted on 6/23 when I first looked at this counter. Currently, Freight Link is in the bearish stage. There is a negative divergence of RSI. MACD line is below signal line. CMF is in heavy distribution mode. Should the daily price hits a low of .145, Parabolic SAR will enter into "sell phrase". Unless driven by strong positive news, from the TA point of view, it will remain bearish in the near term.
Major support shall be .13 which is Fibo 61.8%. Should price falls till this level, it will be a good buy.

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posted by mimosa @ Thursday, June 28, 2007 Comments: 0

Wednesday, June 27, 2007

Trading Digest 6/27

STI : 3,505.50 ( -19.06 )

1. Posting this from Penang ! STI soaked in red blood for the 4th trading sessions. Although I have been advocating some degrees of technical adjustment is good, I feel enough is enough. DJ Market talk stated this :
0342 GMT [Dow Jones] May be time to short Singapore's STI if index breaks below key support at 3500 that it's now testing, according to Dow Jones CommentaryPlus technical analysis; charts suggest index could shed some of 25% gains since early March on general weakness in equities. Analyst says STI could fall back to around 3325 if it falls below 3500 on lower edge of rising channel since May. Says as negative weekly stochastics diverge, index looks set to post bearish evening star pattern this week; tips 3378 as reasonable near term target. STI currently off 0.5% at 3507.87 on average volume. (JEM)
2. Added 3 lots of Wheelock at 3.4 under my CPF and another 3 lots CPF at 3.42 under IG CPF. It is indeed very hard to make good decision while on the road.
3. UIC has lost ground and retraced to 3.4. Gloabal Voice is still holding on strong.
We need a rebound tomorrow !!

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posted by mimosa @ Wednesday, June 27, 2007 Comments: 0

Tuesday, June 26, 2007

Trading Digest 6/26

STI : 3,525.10 ( -55.23 )

1. STI extended its decline for the 3rd straight sessions since last Friday.
2. Most of my holdings were "well behave" during the bear raid. Unfortunately, SPH closed at 4.56 at 5.05pm.
3. Pick up 3 additional lots of UIC at 3.48 which is the intra-day low. Have faith with this counter!
4. Global Voice closed at 0.205 with 43 millions share traded. MACD buy signal surfaced today.

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posted by mimosa @ Tuesday, June 26, 2007 Comments: 0

Monday, June 25, 2007

Trading Digest 6/25

STI : 3,580.33 ( -35.05 )

1. STI slipped down 35.05 points today along with all other regional indices ( HSI: -177.56, N225: -101.15, SSE: -150.31 ) amidst concern China will raise interest rate. Dow dropped 185.58 on Friday has certainly dampened investment sentiment here today.

2. Collected some Global Voice at .20 based of TA decision:
-- Upper band of Parabolic SAR has hit the daily prices on June 20
-- Breakout from a symmetrical triangle appears to have taken place on June 20 too supported by high volume
-- Bollinger band has tightened since June 1, a sign of large price change underway.
The only thing that I dislike is the CMF showing distribution !
Today's closing at .20 formed a "bullish Harima". If nothing goes wrong with Uncle Dow tonight, will see this babbe edge up higher tomorrow.


The near term target is calculated as:.
215 + (.215 - .175 ) = .255
Mid-term target could be .34 - .35
CIMB has a coverage on June 21 showing similar target.
Current support are :
.195 - Fibonacci support at 61.8%
.185 - Fibonacci 50%
3. UIC continued to edge up amidst STI dipping in the red. UIC closed at 3.54. Again, glad did not throw this away too soon. John Gokongwei is accumulating this counter from open market. Last week alone, he has bought 229 million share. Morgon Standley is also accumulating.
4. SPH closed at 4.64.
5. Did not manage to pick up Gallant Venture and Zagro today.

Stock to watch: Gallant Venture 1.26, Aztech .565

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posted by mimosa @ Monday, June 25, 2007 Comments: 0

Friday, June 22, 2007

Trading Digest 6/22

STI : 3,615.38 ( - 24.11 )

1. STI retraced slightly today on profit taking.
2. SPH closed at 4.66 with a white hanging man candlestick. Sitting at 22 cents of profit so far.
3. UIC rally to new high of 3.54 but closed at 3.48. Sitting at 36 cents of profit so far.
Both counters remain bullish.

Stock Watch : Global Voice ( closed at .195 today ), pending breakout !! May pick up some on Monday.

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posted by mimosa @ Friday, June 22, 2007 Comments: 0

Thursday, June 21, 2007

Trading Digest 6/21

STI : 3,639.49 ( + 10.82 )
Despite Dow lost 146 points overnight, STI gained 10.82 points today.

Positions Update:
1. SPH : Continued yesterdays' rally hitting an intra-day high of 4.7. Sold 5 lots CPF at 4.66. Retained 5 lots for further upside.
TA wise, SPH is very bullish. Rally supported by increased volume.
- 14 days MA is about to cut up 25 days MA from below.
- MACD line has decisively cut up the 9d signal line. Histrogram rised with a sharp gradient into the positive zone.
- CMF looks set to end the distribution and moving into accumulation.
- RSI shows sharp positive gradient.
Further upside expected.


2. UIC : The decision to withdraw the sell queue at 3.24 & 3.28 yesterday has paid off with the rally today. UIC hits and closed at record high of 3.36 today.
TA wise, UIC continued to be bullish.
- CMF in accumulation mode
- MACD line is above signal line
- 14D MA is above 25D MA
- RSI trending up
Further upside expected.

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posted by mimosa @ Thursday, June 21, 2007 Comments: 0

Wednesday, June 20, 2007

Trading Digest 6/20

STI : 3,628.27 ( -0.88 )

1. UIC edged up 6 cents today to 3.28. Attempted to sell at 3.24 & 3.28 but pulled out the order as I observed that the sentiment is bullish.
2. SPH rally and hit a high of 3.58 but closed at 3.54. Attempted to sell at 3.60 but didn't make it. However, glad it was not sold. Should see more upside.

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posted by mimosa @ Wednesday, June 20, 2007 Comments: 0

Tuesday, June 19, 2007

Trading Digest 6/19

STI : 3,629.55 ( +5.76 )

1. Despite that I am advocating nimble is good at this market condition where STI keeps hitting record high, when you see the counters you exited rocketed, the feeling is no good !! AdvSCT, UOL, Wheelock all have rocketed !!
2. Positions reduced to 4 from 8 - 9.

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posted by mimosa @ Tuesday, June 19, 2007 Comments: 0

Monday, June 18, 2007

Trading Digest 6/18

STI : 3,623.79 ( +42.63 )
1. Dow closed higher by 85.76 on last Friday driving the local market for another record closing today.
2. Exited Tai Sin at .565 and Wheelock at 3.34. Both with moderate profit. Rationale to exit the two counters are:
a. STI is at all time high, trading under such market condition ought to be nimble and not greedy,
b.Tai Sin was traded at very narrow price range and at intra-day, evening doji star was expected to close for the day ( and it has indeed closed with a doji ),
3. TechOil&Gas - Queue at .89 but did not manage to pick up. However, it has closed with a shooting star !!
4. SPH and Longcheer have both turned bullished. UIC continued to be my hope!

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posted by mimosa @ Monday, June 18, 2007 Comments: 0

Friday, June 15, 2007

Trading Digest 6/15

STI : 3,581.16 ( + 7.73 )

Exited TechOil&Gas at .915 with a decent gain considering it was on contra basis.

Trading Strategy:
After exited TechOil&Gas at .915, it has dipped to .885 during intra-day low. .885 happens to be a Fibo support at 23.6%. Should have re-entered to take advantage of a fresh T+5.
Lesson learnt : After exited a trade with profit based on contra, it is okay to re-enter immediately or when it retrace slightly. The merit is that you will have a fresh T+5.

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posted by mimosa @ Friday, June 15, 2007 Comments: 0

Thursday, June 14, 2007

Trading Digest 6/14

STI : 3.573.43 ( +22.21 )

1. Dow rebounded strongly 187.34 overnight.
2. Failed to sell Tai Sin & TechOil&Gas today. Tai Sin failed to observe the doji star to close lower !!

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posted by mimosa @ Thursday, June 14, 2007 Comments: 0

Wednesday, June 13, 2007

Trading Digest 6/13

STI : 3,551.22 ( - 10.32 )

1. Dow declined 129.95 overnight on concern of rising bond yield.
2. Tai Sin - closed at .55 with a morning doji. Tomorrow should close higher !
3. TechOil&Gas - started its rally today hitting a high of .93 and closed at .905. Looking at the chart, nothing but bullish. Should continue to see further upside.
4. UIC - hitting a high of 3.22 but closed at resistance level of 3.2 ( same as yesterday ). Hopefully it can break the resistance and excel further.

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posted by mimosa @ Wednesday, June 13, 2007 Comments: 0

Tuesday, June 12, 2007

Trading Digest 6/12

STI : 3,561.54 ( +16.08 )

1. Dow was almost flat ( +0.57 ) as it was searching for direction.
2. Liquidated ST Eng 3 lots at 3.6 today.

Counters Review:

UIC

UIC closed at 3.2 today which happen to be a resistance level. After 11 days of being hit by the upper band of Parabolic SAR, it should move up from here onward. From MetaStock, it is very clear that a buy signal has developed today out of MACD. Should continue to hold to maximize profit.

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posted by mimosa @ Tuesday, June 12, 2007 Comments: 0

Monday, June 11, 2007

Trading Digest 6/11

STI : 3,545.46 ( +53.87 )

1. STI closed higher lead by on Dow's rebound on Friday by 157.66.
2. Tai Sin - breakout from the tringle today and closed at .57 !!
This week should be able to take profit from a few counters.

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posted by mimosa @ Monday, June 11, 2007 Comments: 0

Friday, June 8, 2007

Trading Digest 6/8

STI : 3491.59 ( -54.74 )

1. Dow droped 198.94 last night causing STI to dip another 54.74 points today. HSI drops 291.01, Nikkie drops 274.29 but SSE up 22.33.
2. Taken another 5 lots of Wheelock at 3.21 CPF, TechOil&Gas 10 lots at .855 cash.
Most counters are intact after the bear raid today. Monday should do better.

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posted by mimosa @ Friday, June 08, 2007 Comments: 0

Thursday, June 7, 2007

Trading Digest 6/7

STI : 3546.33 ( -17.42 )

1. STI has declined for the 3rd day in a row. The magnitude of decline was very mild considering Dow was down for 200+ points in two days.
2. Cut loss on AdvSCT at .75 after some 6 months. It is good to keep cash for better opportunity elsewhere.

Counters review:

ST Engineering (HOLD, TGT >3.7): Sentiment bullish, should rebound and retest 3.72.



Wheelock (HOLD, TGT>3.5): Sentiment bullish - 14d MA crossed up 25d,
RSI positive divergence,
CMF turns accumulation, hammer candlestick,
Parabolic SAR in buy phrase....



Tai Sin (HOLD): Bullish sentiment - MACD 26/12d crossed up signal line
14d MA crossed up 25d
RSI positive divergence
CMF distribution ending, turns into accumulation



UIC (HOLD, TGT>3.5): Slightly bullish,



Envirohub : Did rebound today hitting a high of .495, closed at .475. More actions expected.

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posted by mimosa @ Thursday, June 07, 2007 Comments: 0

Wednesday, June 6, 2007

Trading Digest 6/6

STI : 3,563.75 ( -9.15 )

1. STI retraced mildly for the 2nd day.
2. TechOil&Gas looks bullish.

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posted by mimosa @ Wednesday, June 06, 2007 Comments: 0

Tuesday, June 5, 2007

Trading Digest 6/5

STI : 3,572.90 ( -6.45 )

1. The sharp decline of Shanghai's index did not affect the regional market. Anyway, Shanghai has rebounded today.
2. No new position today. Wheelock & UIC have been pretty volatile.

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posted by mimosa @ Tuesday, June 05, 2007 Comments: 0

Monday, June 4, 2007

Trading Digest 6/4

STI : 3,579.35 ( +31.03 )

1. No new position added today. Wheelock & UIC are both closing quite well at 3.34 & 3.16. ST Eng & Envirohub should perform better ( 3.56 & 0.46 ) in coming days/week. Envirohub, doji at star position spotted, tomorrow should close higher.
2. OMG, Full Apex shoots up 3 cents today. This makes the 3rd counters speculated by big_brother very zhun.
3. Shanghai index dips -330.34 today. However, it did not spark off any fear in the regional market because if it dips, mean the measures made by the China government is effective. However, after several days of uptrend, it is time for STI to take a breather tomorrow.

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posted by mimosa @ Monday, June 04, 2007 Comments: 0

Sunday, June 3, 2007

Envirohub

Envirohub - Early Signs Of Rebound



After several weeks of consolidation, early signs of rebound were spotted on this counter. For the past eight trading sessions, prices have been sitting tight at the support of .46. As long as the .46 level is not taken, Envirohub may have touched the bottom and it is all set to rebound based on the following TA signs spotted:

1. RSI : positive divergence spotted between May 21 - June 1 ( highlighted area ).
2. Stochastic : positive divergence spotted ( highlighted area ).
3. MACD : MACD line crossover signal line from below & zero line crossover are about to take place ( further confirmation is needed over the next few days ).
4. Parabolic SAR : upper band is about to hit daily prices ( further confirmation is needed over the next few days ).
5. CMF : distribution appears to be ending ( further confirmation is needed over the next few days ).

Most of the indications are in the very early stage of development. The next few days' closing are very cruial to serve as confirmation of the above observations. TA is not crystal ball but if all goes well, Envirohub should test the resistance of .56 & .61 over the next few weeks.

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posted by mimosa @ Sunday, June 03, 2007 Comments: 1

Friday, June 1, 2007

Trading Digest 6/1

STI : 3,548.32 ( +37.19 )

1. Rumour in the market stating China may impose further measure to curb the overheating stock market.
2. Despite STI rised for 37 points, counters under my watchlist are mostly in red.

posted by mimosa @ Friday, June 01, 2007 Comments: 0